The XRP neighborhood is buzzing after US President Donald Trump shared Ripple-related content material on the social media platform Fact Social.
This comes at a time when institutional curiosity within the digital asset is rising, particularly with the US Securities and Trade Fee (SEC) formally acknowledging extra functions for a spot XRP exchange-traded fund (ETF).
Trump’s Ripple posts spark speculations
On Feb. 18, Trump shared two XRP-related articles on Fact Social, which praised the President and ignited discussions throughout the crypto house.
The articles highlighted feedback from Ripple CEO Brad Garlinghouse, who famous elevated hiring and enterprise alternatives within the US following Trump’s election victory in November.
On social media platform X, XRP neighborhood members rapidly interpreted Trump’s posts as a bullish sign. Many speculated that the digital asset might play a key function in future US crypto insurance policies, with some even suggesting that the submit indicated that the asset’s authorized bother could be ending.
Since Trump’s electoral win, XRP has been among the many crypto market’s standout performers. Many merchants and analysts consider his administration might convey much-needed regulatory readability, doubtlessly fostering larger adoption and institutional funding within the house.
SEC acknowledges XRP ETF
Including to the thrill, the SEC formally acknowledged two extra spot XRP ETF functions from Cboe BZX Trade, which goals to record and commerce ETFs from 21Shares and Bitwise.
Bloomberg ETF analyst James Seyffart described the SEC’s acknowledgment as anticipated.
Nonetheless, he beforehand estimated a 65% probability of an XRP ETF approval this yr, noting that Ripple’s authorized battle with the SEC stays a major hurdle.
Whereas Ripple secured a partial victory relating to XRP’s classification, the continuing enchantment creates uncertainty. Nonetheless, latest developments recommend the regulator would possibly transfer to pause its lawsuit prefer it did for its case in opposition to Binance.
In the meantime, crypto bettors have growing confidence within the SEC’s approval of this monetary product. Information from Polymarket signifies a 78% chance that an XRP ETF will probably be accredited by 2025, reflecting sturdy investor sentiment towards the asset’s future.
Talked about on this article
